To receive a loan from us under the Government’s Recovery Loan Scheme (RLS), you’ll need to meet the following basic criteria:
- Business has been impacted by coronavirus
- Minimum of 2 years’ trading history
- Must be a limited company or limited liability partnership (LLP)
- Business is trading in the UK
- Loan is for business purposes (i.e. working capital or investment, and to support trading in the UK)
To help as many businesses as possible, we’ll look at a business’ performance over a longer period of time to ascertain whether it has a viable business proposition regardless of the impact of COVID-19.
